“My wealth has come from a combination of living in America, some lucky genes, and compound interest.” – Warren Buffett

What is compound interest? It’s the eighth wonder of the world if you ask Albert Einstein.

The video above by Sarah Nourse explains in about 11 minutes a concept that could change your investment lives.

I’m not a finance guru but I am a wealth enthusiast and compound interest can get you closer to financial freedom, to early retirement etc.

Compound interest works like this:

For a more detailed explanation, please be sure to watch the video above, in its entirety. You need to understand this very simple yet vital principle. Interest on top of interest when it benefits you instead of takes from you is key, the compound interest key.

Enjoy!

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